Next Investors logo grey

Velpic continues its expansion in e-learning

Published 10-MAR-2016 10:16 A.M.

|

2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

E-learning provider The Velpic Group (ASX:VPC) is preparing to launch Version 3.0 of its cloud based platform.

Velpic’s platform provides scalabale, cloud-based training, induction and education solutions for businesses that can create their own training programs to be distributed to staff.

As part of preparations for the launch of Version 3.0, which will specifically target Small to medium businesses, Velpic has launched a new website www.velpic.com containing new product pricing and information about the coming platform. New pricing is complementary to the existing Enterprise Velpic platform.

The new platform includes several new features: streamlined workflows, updated administrator dashboards and consolidated reporting features. It also features enhanced training capabilities for SMEs.

Velpic sees SMEs as a rapidly growing market segment of the Learning Management Systems (LMS) market.
Version 3.0 will be available in the third quarter of 2016.

“The release of pricing and updated features to the platform is an essential step in the ongoing preparations of Version 3.0,” said Velpic Chief Executive Russell Francis.

“The updated website opens up our platform to customers of any size.”

Francis said the new website was part of a broader strategy to increase Velpic’s market penetration in the LMS sector.
Velpic has been busy shoring up its market strategy and furthering its business ambitions.

It has secured a number of new enterprise clients including major companies Cargotec, NRW and Southern Cross Electrical Engineering. The clients cross a broad spectrum of industries: engineering, resources and hospitality and retail.

The signings come after Velpic introduced business development managers across Australia, which has enabled it to expand operations through NSW, Victoria and Queensland.

Velpic has also launched its brand in New Zealand.

Velpic has also signed a number of new reseller agreements to extend its sales reach and give it further access to the SME market.
Russell Francis spoke further about his strategy with Peak Asset Management.

The company expects these agreements to open up new growth revenue opportunities.

Managing the reseller program will be new Partner Program Manager Carrie Flanagan, who has worked in Europe and North America in Saas sales and marketing.

“I am pleased to welcome Mrs Carrie Flanagan as Velpic’s new Partner Program Manager, with responsibility for the Company’s reseller agreements,” said Francis. “Mrs Flanagan joins the company with extensive international Saas experience and will be an asset in this exciting time in the Company’s journey.”



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.